As a follow-up to last week’s introductory video, John Carter will be presenting a full-length educational webinar entitled: “The Insider’s Guide to Growing a Small Account into a Big Account’ (registration link here). If you enjoyed the short video, you’ll want to learn more about strategies John has used in his trading career. He’ll discuss…
We’re seeing a repeat of yesterday’s strong trend day up, but this time the index scrapes against the 1,900 easy-reference resistance level. We’ll start today’s mid-day update with a discussion about the 1,900 level: Be sure to reference yesterday’s update – if only for the benefit of learning what happened next – and apply that…
We continue to see bullish strength in the stock market, so let’s take a quick mid-day update at the key levels, Sector Breadth, and trending stocks at the moment. We’ll start as usual with the S&P 500 intraday chart: We’re seeing another strong Trend Day unfolding which has been the case every day this week…
The tech-heavy NASDAQ index has been underperforming the S&P 500 and Dow Jones (both shy of all-time highs), but the NASDAQ may be showing signs of bullish life. Let’s take a look at a breakout that slammed into the first resistance target, and what levels to watch should buyers extend the breakout beyond the current…
Today’s action saw a continuation rally off the 1,870 support and reversal play from yesterday’s session. Let’s take a look at the current intraday levels, Sector Breadth, and potential Trend Day Continuation stocks: For intraday traders, we note the upper resistance target into the 1,885/1,886 level as our key reference point. Beyond that, we’ll reference…
What is the main chart pattern – and key levels – to monitor (and plan trades) on the S&P 500 and Dow Jones charts? Let’s take a look at the dominant range trendlines which provide a clear roadmap for planning the short-term future. We’ll start with the S&P 500: We’ll just focus our attention here…
Wow – with the market reversing down against resistance (creating a Trend Day by mid-day), let’s take a quick moment to see what’s happened, what levels are important, and which stocks are trend day candidates. The S&P 500 stalled into the 1,886 level which was yesterday’s ceiling/resistance high. The lengthy negative momentum and TICK/Internal Divergence…
Like many other similar stocks today, Netflix (NFLX) generated a potential breakout buy signal on a shattering of overhead resistance. Let’s focus our attention on a near-term upside target along with an Open Air breakout pathway should the next higher target also fail to hold the onslaught of recent buying pressure. Here’s a simple planning…
It’s mid-day and we’re currently trending higher on strong sector breadth. Let’s update our current intraday chart, study the message of breadth, and highlight trend day trading candidates for May 19. The S&P 500 continued an intraday trend reversal into an uptrend off the 1,870 reference level. After a mini-gap down, price broke to new…
With Apple breaking above the $600 per share level this morning, let’s take a look at this new bullish development and plan potential targets should the breakout continue higher. We’ll start with a quick glimpse of the breakout currently in motion: Apple shares broke a falling trendline or triangle pattern above $530 per share which…